Ethereum Price Prediction as Holesky Testnet Fails to Launch – Is It All Over for ETH?

Crypto News
Crypto News

18 Sep 2023 10:19 AM

The price of Ethereum (ETH) has stalled at $1,636 today, with the altcoin rising by only 0.3% in 24 hours and 1.5% in a week....

  • The price of Ethereum (ETH) has stalled at $1,636, rising only 0.3% in 24 hours and 1.5% in a week.
  • The delay in launching the Holesky testnet due to technical issues has not significantly affected ETH's price.
  • ETH's chart and indicators suggest a potential sustained rebound, with oversold conditions and signs of price recovery.
  • ETH's support level has climbed, indicating a possible bottoming out.
  • The successful launch of Holesky may provide the rally that didn't occur last week.
  • ETH is still priced at a discount and is expected to reach $1,700 in the next few weeks, with further growth by 2023.
  • Traders may also consider newer altcoins with stronger potential for gains, such as Bitcoin BSC (BTCBSC).

The sentiment of the article is generally positive, highlighting the potential for a recovery in Ethereum's price and the opportunities in newer altcoins like Bitcoin BSC.

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You May Ask

What is the current price of Ethereum (ETH)?What caused the delay in launching the Holesky testnet?Is Ethereum expected to see a significant recovery soon?What are some potential altcoins to consider for above-average gains?How can investors participate in the presale of Bitcoin BSC (BTCBSC)?

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